Martifer Solar move into India with 25 MW solar plant

Share

The project is to be established in the Indian state of Gujarat near the growing city of Rajkot. It is anticipated that the project will be completed by the end of the year.

Martifer’s partner in the endeavor, Louroux Bio Energies, is a new Indian renewable energy company, which aims to be involved in the installation of 100 MW of solar electricity generation capacity over three years. This project with Martifer Solar is its first. The Indian solar industry has been kick-started by the national government’s Jawaharlal Nehru National Solar Mission (JNNSM), which was launched in late 2009. The JNNSM set a target of 22,000 MW of solar energy capacity by 2022.

The solar industry in India needs both expertise and capital to realize its potential, according to accounting firm KPMG. Last week they released a report into the Indian solar industry illustrating the room for growth in all aspects of the industry from manufacture through to finance and installation. However to reach this goal, expertise in the industry must be developed and Martifer Solar’s entrance into the market can be seen as a step in this direction.

Martifer Solar’s Expansion Director Gustavo Fernandes, in a statement to pv magazine, outlined how the Spanish solar company will bring their experience to India to fill this void. "India is a country with excellent solar opportunities, but its market is still quite young and they need to acquire more experience." Fernandes added, "Louroux is our local partner and adds their extensive local experience to Martifer Solar’s international expertise, know-how and technical skills, so we have created a really accomplished team."

Announcing the partnership on the Gujarat project, Louroux’s Managing Director Ravi Agrawal commented on the expertise Martifer Solar brings to the project and Indian industry. "Our tie up with Martifer Solar is a major step for the successful realization of this plant. Their international experience, with more than 130 MW installed worldwide, confirms that they are the best partner for our solar project."

Martifer Solar is an anticipated to build on the partnership with Louroux to include other projects. "For Martifer Solar the Indian market is currently one of the more promising PV markets all over the world. India has a huge solar radiation potential and its domestic electrical consumption is growing very fast, making the country a really attractive site for PV development," Fernandes told pv magazine.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Large-scale PV has positive environmental effect on desert areas

10 October 2024 Researchers from China found that big solar power plants have a positive positive impact on the ecological environment of desert areas. Their testing...

Share

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.